Agricultural Development Project

closed

This project aims at increasing agricultural output, especially that of export products, by providing long term financing for farm development and agro industry, and institutional support in key areas. In addition, the project would promote increased efficiency in agricultural lending and in the provision of technical assistance. The project includes 1) a general line of credit to finance agricultural and agro industrial investments, as well as complementary permanent working capital; and 2) institutional support for farm extension, forestry, and promotion of non traditional exports. Project benefits include: 1) increased volume of agricultural exports, 2) creation of closer links between the private & public sectors in export promotion, 3) development of forestry resources for the subsequent establishment of forest based industry, 4) improved efficiency of farm extension and 5) a more competitive and market oriented system for supplying investment credit to agriculture.